A bit more research tonite reveals that Capital H Management were involved in the recent $800,000 placement. The Capital H site also reveals that it has taken up shares in SCL. If you register on the site , you are able to read September analysis of the SCL business. Capital H feature 3 stocks in their basket of analysis, scidev, Tesserent and Schrole. I was pleasantly surprised by the lofty EV estimates in the analysis, Capital H conclude that it's true EV value lies closer to RCL and other like minded stocks.
its a good read , I recommend SCL punters have a read, I'm more comfortable about its chances after reading the report. With approximately $2M in the bank and approaching break even when 500 schools are signed up, it's seems this disruptive approach to filling the needs of the growing international school industry has only just begun.
SCL Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held